Trucking Business News

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Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.

BusinessGovernmentLogistics

Consumer Confidence Rises

Consumer confidence rose in February, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.

February 24, 2012
Business

New ºÚÁϳԹÏÍø Sales Slip in January

New home sales dipped 0.9% in January after hitting a one-year high the previous month, the Commerce Department said Friday.

February 24, 2012
Business

Con-way Posts Higher Fourth-Quarter Profit

Con-way Inc.’s fourth-quarter profit jumped as its truckload, less-than-truckload and logistics operations all improved.

February 24, 2012
Business

Saia Profits Improve for Quarter, Year

Saia Inc. said its fourth-quarter operating income increased more than three fold to $6.2 million, from $1.8 million in the prior-year period.

February 24, 2012
BusinessLogistics

Weekly Intermodal Traffic Falls 5.6%

U.S. intermodal traffic declined 5.6% for the week ended Saturday from a year ago, the Association of American Railroads reported.

February 24, 2012
BusinessTechnology

Intermec Reports Fourth-Quarter Loss

Supply chain technology firm Intermec Inc. reported a fourth-quarter loss of $21.6 million, or 36 cents per share, compared to a profit of $7.9 million, or 13 cents, a year ago.

February 24, 2012
BusinessLogistics

Echo Global Logistics Posts Higher 4Q Income

Echo Global Logistics said its fourth-quarter profit climbed 68.5% to $3.5 million, or 16 cents per share, from $2.1 million, or 9 cents, a year ago.

February 24, 2012
Business

Qualcomm Reports Higher Fiscal 1Q Profit

Qualcomm Inc. said its fiscal first-quarter net income rose 20% to $1.4 billion, or 81 cents per share, from $1.2 billion, or 71 cents, a year ago.

February 24, 2012
BusinessFuel

Oil Finishes Over $107 a Barrel

Oil rose for a sixth trading day, rising $1.55 to finish at $107.83 a barrel on the New York Mercantile Exchange, a more than nine-month high, Bloomberg reported.

February 23, 2012
BusinessLogistics

Expanded Canal Offers Only Modest Savings to Shippers, U.S. Maritime Consultant Says

The expansion of the Panama Canal will have the greatest effect on shipments to a handful of states stretching from Ohio to Georgia but will offer only modest cost savings to shippers, a consultant to the U.S. Maritime Administration said.

February 23, 2012